Altaba (AABA) Receives Media Impact Rating of 0.23

News articles about Altaba (NASDAQ:AABA) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altaba earned a news impact score of 0.23 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9653789164303 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s rankings:

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AABA has been the topic of a number of recent analyst reports. UBS reissued a “buy” rating and set a $98.00 price target (up previously from $92.00) on shares of Altaba in a research note on Thursday, February 22nd. BidaskClub raised Altaba from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th. Vetr lowered Altaba from a “hold” rating to a “sell” rating and set a $73.32 price target on the stock. in a research note on Tuesday, January 23rd. Credit Suisse Group increased their price target on Altaba from $81.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer increased their price target on Altaba from $98.00 to $104.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Altaba presently has a consensus rating of “Buy” and an average target price of $71.96.

Shares of Altaba stock traded down $1.57 during trading on Friday, hitting $73.00. The company’s stock had a trading volume of 5,051,397 shares, compared to its average volume of 8,086,455. The stock has a market cap of $63,756.59, a price-to-earnings ratio of -3,648.18 and a beta of 2.00. Altaba has a one year low of $45.74 and a one year high of $80.56.

In related news, major shareholder Tci Fund Management Ltd sold 1,214,000 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $74.20, for a total value of $90,078,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Alexi Wellman sold 1,262 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $76.90, for a total value of $97,047.80. Following the completion of the transaction, the chief financial officer now directly owns 16,643 shares in the company, valued at $1,279,846.70. The disclosure for this sale can be found here. Insiders sold a total of 1,217,202 shares of company stock worth $90,321,425 over the last ninety days. Corporate insiders own 24.00% of the company’s stock.

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About Altaba

Altaba Inc operates as a non-diversified, closed-end management investment company in the United States. Its assets consist primarily of equity investments, short-term debt investments, and cash. The company was formerly known as Yahoo! Inc and changed its name to Altaba Inc in June 2017. Altaba Inc was founded in 1994 and is based in New York, New York.

Insider Buying and Selling by Quarter for Altaba (NASDAQ:AABA)

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